M&T Bank Corp. (NYSE:MTB) insider Michael J. Todaro sold 8,788 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $136.05, for a total value of $1,195,607.40. Following the completion of the sale, the insider now owns 10,842 shares in the company, valued at $1,475,054.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of M&T Bank Corp. (NYSE:MTB) traded down 1.52% during midday trading on Wednesday, hitting $136.74. The company’s stock had a trading volume of 995,493 shares. The company has a market cap of $21.20 billion, a P/E ratio of 18.34 and a beta of 0.70. M&T Bank Corp. has a 1-year low of $100.08 and a 1-year high of $140.58. The company has a 50-day moving average price of $120.92 and a 200 day moving average price of $117.54.

M&T Bank Corp. (NYSE:MTB) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $2.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.09. M&T Bank Corp. had a return on equity of 8.59% and a net margin of 22.32%. During the same period in the prior year, the firm earned $1.93 EPS. On average, equities research analysts predict that M&T Bank Corp. will post $7.89 EPS for the current year.

Insider Buying and Selling by Quarter for M&T Bank Corp. (NYSE:MTB)

Several large investors have recently modified their holdings of MTB. Nuance Investments LLC increased its stake in shares of M&T Bank Corp. by 43.4% in the second quarter. Nuance Investments LLC now owns 265,234 shares of the company’s stock worth $31,359,000 after buying an additional 80,284 shares during the period. Westpac Banking Corp increased its stake in shares of M&T Bank Corp. by 116.2% in the second quarter. Westpac Banking Corp now owns 53,798 shares of the company’s stock worth $6,361,000 after buying an additional 28,911 shares during the period. Speece Thorson Capital Group Inc. increased its stake in shares of M&T Bank Corp. by 10.2% in the second quarter. Speece Thorson Capital Group Inc. now owns 157,425 shares of the company’s stock worth $18,612,000 after buying an additional 14,615 shares during the period. Standard Life Investments LTD increased its stake in shares of M&T Bank Corp. by 1.0% in the second quarter. Standard Life Investments LTD now owns 500,517 shares of the company’s stock worth $59,179,000 after buying an additional 4,858 shares during the period. Finally, Artisan Partners Limited Partnership increased its stake in shares of M&T Bank Corp. by 1.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,057,695 shares of the company’s stock worth $125,051,000 after buying an additional 16,824 shares during the period. Institutional investors own 80.09% of the company’s stock.

A number of brokerages have weighed in on MTB. Credit Agricole SA upped their price target on M&T Bank Corp. from $128.00 to $129.00 and gave the company an “outperform” rating in a research report on Friday, September 23rd. FBR & Co lowered their price target on M&T Bank Corp. from $120.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 21st. Barclays PLC reissued a “buy” rating on shares of M&T Bank Corp. in a research note on Friday, August 12th. Jefferies Group reissued a “hold” rating and issued a $111.00 price objective (down previously from $116.00) on shares of M&T Bank Corp. in a research note on Thursday, July 21st. Finally, Zacks Investment Research lowered M&T Bank Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $141.65.

About M&T Bank Corp.

M&T Bank Corporation (M&T) is a bank holding company. The Company, through its subsidiaries, M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.), offer a range of retail and commercial banking, trust and wealth management, and investment services to their customers. M&T’s segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking.

5 Day Chart for NYSE:MTB

Receive News & Stock Ratings for M&T Bank Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M&T Bank Corp. and related stocks with our FREE daily email newsletter.